Armstrong World Industries Given Average Rating of “Buy” by Brokerages (NYSE:AWI)
Armstrong World Industries (NYSE:AWI) has earned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock, American Banking & Market News reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $60.07.
In other Armstrong World Industries news, VP Stephen F. Mcnamara sold 4,881 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $53.65, for a total value of $261,865.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Armstrong World Industries (NYSE:AWI) traded down 0.16% during mid-day trading on Friday, hitting $56.45. The stock had a trading volume of 23,812 shares. Armstrong World Industries has a 1-year low of $47.51 and a 1-year high of $61.90. The stock’s 50-day moving average is $54.42 and its 200-day moving average is $54.82. The company has a market cap of $3.096 billion and a price-to-earnings ratio of 32.93.
Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.06. The company had revenue of $710.00 million for the quarter, compared to the consensus estimate of $727.12 million. During the same quarter last year, the company posted $0.62 earnings per share. Armstrong World Industries’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Armstrong World Industries will post $2.28 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on AWI shares. Analysts at JPMorgan Chase & Co. upgraded shares of Armstrong World Industries from an “underweight” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $56.50 price target on the stock, up previously from $49.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Armstrong World Industries in a research note on Friday, August 1st. They now have a $59.00 price target on the stock, down previously from $64.00.
Armstrong World Industries, Inc (NYSE:AWI) is a global producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings.
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